Grindwell Norton Share Price

NSE
GRINDWELL •
BUY

1W Return

1M Return

6M Return

1Y Return

3Y Return

The current prices are delayed, login or open an account for live prices.
Start SIP in Grindwell Norton Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
27.45% Gain from 52W Low
-15.5
TTM PE Ratio
Above industry Median
69.7
Price to Book Ratio
High in industry
12.8
Dividend yield 1yr %
Above industry Median
0.7
TTM PEG Ratio
PEG TTM is much higher than 1
19.1

Grindwell Norton Ltd Key Financials

View more

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

Revenue
QuarterlyYearly
Jun 2024 - 705.6 Cr Mar 2024 - 2755.0772 Cr
Mar 2024 - 691.08 Cr Mar 2023 - 2597.4091 Cr
Dec 2023 - 659.94 Cr Mar 2022 - 2065.8522 Cr
Sep 2023 - 667.4 Cr Mar 2021 - 1688.8844 Cr
Jun 2023 - 668.35 Cr Mar 2020 - 1619.9446 Cr
Net Profit/Loss
QuarterlyYearly
Jun 2024 - 92.97 Cr Mar 2024 - 384.3749 Cr
Mar 2024 - 93.16 Cr Mar 2023 - 363.3849 Cr
Dec 2023 - 91.46 Cr Mar 2022 - 296.0615 Cr
Sep 2023 - 102.2 Cr Mar 2021 - 237.8086 Cr
Jun 2023 - 97.56 Cr Mar 2020 - 183.8859 Cr

Grindwell Norton Ltd shareholding Pattern

Promoter
58%
Foreign Institutions
8.6%
Mutual Funds
15.2%
Domestic Institutions
16.1%
Public
17.2%
Promoter
58%
Foreign Institutions
8.3%
Mutual Funds
14.9%
Domestic Institutions
15.9%
Public
17.8%
Promoter
58%
Foreign Institutions
8.4%
Mutual Funds
14.4%
Domestic Institutions
15.4%
Public
18.1%
Promoter
58%
Foreign Institutions
8.4%
Mutual Funds
14%
Domestic Institutions
15.3%
Public
18.2%
Promoter
58%
Foreign Institutions
8.3%
Mutual Funds
14.1%
Domestic Institutions
15.4%
Public
18.2%
Promoter
58%
Foreign Institutions
8.3%
Mutual Funds
14%
Domestic Institutions
15.3%
Public
18.4%

Grindwell Norton Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
3
Bearish Moving Averages
13
5Day EMA
2,397.70
10Day EMA
2,400.90
12Day EMA
2,402.10
20Day EMA
2,409.60
26Day EMA
2,417.40
50Day EMA
2,446.00
100Day EMA
2,441.90
200Day EMA
2,370.20
5Day SMA
2,406.20
10Day SMA
2,402.90
20Day SMA
2,405.70
30Day SMA
2,421.00
50Day SMA
2,439.20
100Day SMA
2,536.30
150Day SMA
2,377.80
200Day SMA
2,347.10
Delivery & Volume
Day
Combined Delivery Volume- 6033 Rs
NSE+BSE Traded Volume- 14511 Rs

Week
Combined Delivery Volume- 51672 Rs
NSE+BSE Traded Volume- 70965 Rs

Month
Combined Delivery Volume- 28680 Rs
NSE+BSE Traded Volume- 43945 Rs

Resistance & Support
2,394.63
Pivot
Resistance
First Resistance
2,412.27
Second Resistance
2,434.53
Third Resistance
2,452.17
Support
First Support
2,372.37
Second support
2,354.73
Third Support
2,332.47
Relative Strength Index
44.32
Money Flow Index
88.18
MACD
-15.24
MACD Signal
-18.63
Average True Range
57.08
Average Directional Index
11.03
Rate of Change (21)
-1.45
Rate of Change (125)
15.51

Grindwell Norton Ltd Company background

Founded in: 1950
Managing director: B Santhanam
Grindwell Norton Limited (GNL) is one of the subsidiary of Compagnie de SaintGobain (SaintGobain), a transnational group with its headquarters in Paris and with sales of Euro 51.20 billion in 2022. SaintGobain has reorganized its businesses into two broad areas: Construction or Building related businesses that serve Regional markets and businesses that serve Global markets. The businesses that serve Global markets fall within the High Performance Solutions sector of SaintGobain. The Companys businesses are part of the High Performance Solutions sector. Within GNO, the businesses are divided into 3 major segments: Abrasives, Ceramics Plastics and IT Services. The main businesses in GNL segment are Silicon Carbide, High Performance Refractories and Performance Plastics. The Abrasives business has four manufacturing sites: Mora (near Mumbai), Bengaluru, Nagpur and Bated (Himachal Pradesh). All the sites are certified under ISO 9001, ISO 14001 and OHSAS 18001. SaintGobain is a major player worldwide in Abrasives. Besides, GNO has a contract manufacturing facility.Silicon Carbide (SiC) is manufactured at GNLs plant located at Tirupati in Andhra Pradesh. SiC is also manufactured by the companys subsidiary, SaintGobain Ceramic Materials Bhutan Private Limited, at its plant near Phuentsholing in Bhutan. Both the plants are certified under ISO 9001, ISO 14001 and OHSAS 18001.High Performance Refractories (HPR) has two plants: one is located at Bengaluru and other at Halol, near Vadodara, in Gujarat. Both the plants are certified under ISO 9001, ISO 14001 and OHSAS 18001.The Performance Plastics business produces and markets more than 800 standard and custommade polymer products through three business segments: Engineered Components (ENC), Fluid Systems (FLS) and Composites (CMP). GNL has a plant for ENC and FLS products situated at Bengaluru. This plant is certified under ISO 9001, ISO 14001, OHSAS 18001 and TS 1694.Originally registered as a private limited company in the early forties, GNL was later converted into a public limited company in 1950. Grindwell Norton is the pioneer in the manufacture of industrial abrasives, by setting up the first grindingwheel factory. The company has commissioned its first silicon carbide plant in 1972 and the second one in 1979. In the early 1970s, it started manufacturing coated discs (sander discs). The zircona aluminium oxide discs are sold under the Zircon brand. In 1983, a jumbo coatedabrasive plant was commissioned. To indigenise production, a unit for centralised lubricating systems was set up in 198990 with technical assistance from Lincoln, Germany. The company commissioned a small super abrasive resin bond wheel plant at Bangalore in Jan.95. For its forays into industrial and engineered ceramics, it has technical collaborations with the SaintGobain group, France and SEPR. The fused cast refractory was set up in Mar.95. A new plant for manufacturing nonwoven abrasives was inaugurated in Mar.96 at Bangalore. The expansion of the high performance refractories plant was also completed 199899.The installed capacity of Abrasive Grains refractories have been reduced due to the restructuring of Ceramics Business and discontinuation of manufacturing operations of Fused Cast Refractories. The company has sold its Fused Cast Refractories business to M/s SEPR Refractories India Ltd for a consideration of Rs.68.83 Million during the year 2002.The year 2003 was pretty good for the company in respect of refractories business. The volumes and profit were above the projections. This business was certified under ISO 9001:2000, during the year 2003. During the financial year ended 31 March 2014, Grindwell Nortons Abrasives business took the lead in increasing prices, but, in a very competitive market, where suppliers seemed more concerned with maintaining volumes than margins, the improvement in price realization fell significantly short of what was required to offset the cost increases. Under the circumstances, the companys management did well to limit the drop in volumes and margins. During the year, the new Nonwoven plant in Bangalore was fully commissioned and the Bonded Abrasives expansion project at Nagpur, which was slowed down last year, was also completed and commissioned.The companys new High Performance Refractories plant in Halol (Gujarat) stabilized during the year.Production in the grain plant of Grindwell Nortons subsidiary in Bhutan, which was commissioned in 2013, stabilized and the subsidiary started selling Silicon Carbide grains directly to its customers.During the year under review, Grindwell Norton invested Rs.4.31 crore in the equity capital of SaintGobain Research India Limited (SGRI).The Scheme of Amalgamation involving the merger of SEPR Refractories India Ltd., SaintGobain Crystals Detectors India Ltd. and SaintGobain Sekurit India Ltd. which was approved by the Board of Directors on 19 April 2013, was approved by the shareholders in the Court Convened Meeting held on 27 November 2013, with the requisite majority. However as per SEBI Circular dated 4 February 2013, read with Circular dated 21 May 2013, the requisite majority of public shareholders (other than Promoter and Promoter group) did not approve the Scheme. Consequently, the Scheme of Amalgamation was not acted uponDuring the financial year ended 31 March 2015, Grindwell Nortons Abrasives business focused on new products and new markets to reverse the drop in volumes in the past two years. The workers union of Grindwell Nortons Bengaluru plant went on strike for a period of 20 days in November 2015 due to an impasse in the wage negotiations. The management had taken all steps to meet customer requirements during the strike period and there was no major impact on the financial performance of the company due to the strike.During the year ended 31 March 2018, the companys Abrasives business unit continued to focus on new products and new markets. The Next Level initiative continued to engage the employees at all levels and there was progress on several dimensions.In Silicon Carbide business, Grindwell Nortons Tirupati plant benefited from improved availability of power in the first half of the year.During the FY2020, the Company signed a Joint Venture Agreement with Shinagawa Refractories Co. Ltd., Japan and incorporated a Private Limited Company, SG Shinagawa Refractories India Private Limited to manufacture tap hole clay for the steel industry. The Company invested Rs 11.27 crore in SG Shinagawa Refractories India Private Limited and holds 49% of the equity. The project work has started at the Halol (Gujarat) site of the Company.During the year 2021, the business commenced construction of a new Coated Maker. The Company invested in the equity capital of Andhra Pradesh Gas Power Corporation Ltd. (APGPCL), which entitled it to receive additional electricity and increased production at the Tirupati plant.The Joint Venture Company, SG Shinagawa Refractories India Pvt Ltd. commenced the commercial production during FY 2021. The Company invested in Cleanwin Energy Three LLP for a stake of 27.27% for purchase of wind power for its Mora unit.During the Financial year 202223, the Company commissioned the new Paper maker Unit in Bengaluru. The Company acquired PRS Permacel Private Limited (PRS) by execution of Share Purchase Agreement on May 12, 2022 and postacquisition, PRS became a 100% subsidiary of the Company. Thereafter, the Wholly Owned Subsidiary, PRS Permacel Private Limited got merged with the Company through Scheme of Merger effective from May 27, 2022.
Read More

Grindwell Norton Ltd FAQs

Grindwell Norton Ltd shares are currently priced at 2390 on NSE and 2390.4 on BSE as of 10/8/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Grindwell Norton Ltd [GRINDWELL] share was 13.4. The Grindwell Norton Ltd [GRINDWELL] share hit a 1-year low of Rs. 1875.2 and a 1-year high of Rs. 2960.

The market cap of Grindwell Norton Ltd is Rs. 26462.08 Cr. as of 10/8/2024 12:00:00 AM.

The PE ratios of Grindwell Norton Ltd is 70.04 as of 10/8/2024 12:00:00 AM.

The PB ratios of Grindwell Norton Ltd is 12.92 as of 10/8/2024 12:00:00 AM

The Mutual Fund Shareholding was 15.23% at the end of 10/8/2024 12:00:00 AM.

You can easily buy Grindwell Norton Ltd shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.

Open Demat Account
+91 -

personImage
Open Demat Account
+91 -